Steel Strip

The outlook for the UK’s manufacturing sector appears to be worsening as the CBI’s monthly Industrial Trends Survey for September showed a sharp deterioration in total order book levels.
“Manufacturers have been hit harder than expected by the economic slowdown with demand falling sharply, and they are not optimistic about the next three months , with [...]

There has been very little movement in strip mill product prices since July. However, demand over the holiday period has been slower than normal for the time of year because of the current poor economic climate. This has caused growing concern over the trend for the final quarter. Most companies have sufficient inventories for the [...]

ArcelorMittal , the world’s largest steel producer, is prepared to cut steel output by up to 15% - and in some cases even more - to make sure supply remains in line with weaker demand, the company’s senior executives said Wednesday.
ArcelorMittal’s Chief Executive Lakshmi Mittal said the company was prepared to cut production by [...]